Almaty, Kazakhstan – August 22, 2008 – Kazakhstan Kagazy Plc (the “Group” or “Kagazy”), Central Asia’s largest producer of paper, corrugated board and packaging, and a leading developer of commercial warehousing and industrial infrastructure facilities in Kazakhstan, today announced its consolidated financial results for the three months ended March 31, 2008. These results have been extracted from interim condensed consolidated financial statements, which have been prepared according to IAS 34 (“Interim financial reporting”).